Five Reasons Why Living With Less Is Actually More

February 20th, 2016
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I decided that 2016 was going to be my year financial reinvention. Basically, what that means is that I decided I was going to stop being a spontaneous spender and save more money.

So January 2016 came and went and spontaneous spending ruled my wallet. Well, I’m a huge quote person so I came back to one of my favorites “Insanity is doing the same thing over and over again and expecting a different result.” -Albert Einstein

Well, I knew that if 2016 was truly going to become my year financial reinvention I needed new habits and some new knowledge.

I went on a search for information about personal finance and have created new possibilities for myself about money.  Here’s 5 reasons why I have come to believe that living with less is actually more:

  1.  Living Less Gives Me More Experiences: I came across this incredible article at RateHub about this couple that plans to pay off their mortgage in 7 years. This article helped me to realize that by spending less, I would be able to experience all the things I have wanted to do: take a trip to Ghana, take a coding class, and have more savings! This perspective caused me to view money as a tool that can allow me to experience items from my bucket list.
  2. If I can’t measure my money, it’ll go anywhere: My patterns of spontaneous spending haven’t really helped with tracking my money. I decided that budgeting was the first habit that needed to happen to make 2016 my year of financial reinvention. One of my favorite blogs Sustainable Personal Finance made budgeting super simple! I have begun to use cash more and it has made it so much easier to track where my money is going.
  3. Mindful Spending Rules: I’m really into mindfulness! I was surprised to find that being mindful also applies to finances through the awesome blog Blonde On A Budget. Being mindful and being present to how I spend my money has enabled me to take steps towards the financial life I want.
  4. Compare and Contrast: RateHub has been an awesome tool for comparing credit cards and banking options! It has been great to have an easy to use tool that enables me to compare and contrast my options during my year of financial reinvention.
  5. Save. Save. Save. I’ve realized in life you never know what will go down, so having an emergency fund is something that I am working towards. Living with less will allow me to save more towards building up my emergency fund. I love Gail Vaz-Oxlade and her blog keeps me motivated to move towards living with less!

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